KickFurther is a creative new twist on crowdfunding that allows you to help small businesses while making money yourself.
Quick Summary Of KickFurther
- Register and choose a company to invest in. (All of the companies are very thoroughly vetted by the KickFurther team. More information below)
- Invest money to help the business buy inventory to create or sell more of their products.
- Get your investment back + extra % on top of it when the company sells their goods.
How KickFurther Chooses The Companies
They use many different metrics like previous successful crowdfunding attempts, social media engagement/fans, sales history, information from a lawyer and other references.
In simple terms, they look at the company as a whole and try to pick companies that already had some success selling their goods.
In simple terms, they look at the company as a whole and try to pick companies that already had some success selling their goods.
How To Invest
As of June 13th 2015 you can only invest using a Credit Card, but they are working on adding new methods of investing into companies such as PayPal and possibly Bitcoin.
To invest money, just choose an offer you think will be successful based on the information that I provide farther down below and click on Contribute to contribute as much as you want. (The minimum is $20 and the maximum is $10,000).
To invest money, just choose an offer you think will be successful based on the information that I provide farther down below and click on Contribute to contribute as much as you want. (The minimum is $20 and the maximum is $10,000).
What Happens If A Business Goes Down Or Can't Pay?
The KickFurther team thoroughly checks every business before letting users like us invest in it, and so far all of the businesses have been able to pay back the investors, but in the case that something like this does happen there are "layers of protection."
If a company goes out of business, KickFurther has the legal right to liquidate all of the goods and inventory that were bought with the investors money in an attempt to pay us back.
If there is a unforeseen problem, such as a ship that's shipping the goods going down, all of the goods are insured so no money would be lost.
If a company goes out of business, KickFurther has the legal right to liquidate all of the goods and inventory that were bought with the investors money in an attempt to pay us back.
If there is a unforeseen problem, such as a ship that's shipping the goods going down, all of the goods are insured so no money would be lost.
How Much Can You Earn?
Your earnings heavily depend on the current available offers, but on average you will get around 10% on top of your initial investment in around 6 months.
It obviously won't make you rich, but it's a nice way to have some passive income while helping out small businesses.
It obviously won't make you rich, but it's a nice way to have some passive income while helping out small businesses.
How To Pick Offers
Even though all offers are thoroughly screened by the Kickfurther team, I still recommend doing your own research and only investing in companies that you think will be successful. (All the companies that appeared on the site so far paid back the money to their investors, but if something extreme happens it's good to do your own research.)
When you click on the main offers page look at the following things:
When you click on the main offers page look at the following things:
- How many days there are left until the campaign is over.
- How much has been pledged so far. (I like to see over half pledged)
- What the percentage return is.
If there are a few days left and less than half of the needed money has been pledged I steer clear of the product.
On the other hand if I see that a company like Madeleine Maternity still has 19 days left and it already has over half of the money they need I'd be willing to consider helping them out.
After picking a couple possible offers from the main page, click on each offer and see what they have to offer in more details.
On the other hand if I see that a company like Madeleine Maternity still has 19 days left and it already has over half of the money they need I'd be willing to consider helping them out.
After picking a couple possible offers from the main page, click on each offer and see what they have to offer in more details.
I check what the offer term is as some companies have a term of a year and I don't like my money being stuck somewhere for a year.
The PSR or percentage sold for return is the percent of the goods the business has to sell to pay back all of the investors. (The lower this is, the better.)
One company had a 20% return in 6 months and they got funded within a day, so almost any 20% offer is an amazing deal.
You can also check out the Credibility Metrics and the Company Details sections to learn more about the company, and you can ask the CEO questions in the Comments tab.
If you have any other questions, don't be afraid to ask them in the comments below!
The PSR or percentage sold for return is the percent of the goods the business has to sell to pay back all of the investors. (The lower this is, the better.)
One company had a 20% return in 6 months and they got funded within a day, so almost any 20% offer is an amazing deal.
You can also check out the Credibility Metrics and the Company Details sections to learn more about the company, and you can ask the CEO questions in the Comments tab.
If you have any other questions, don't be afraid to ask them in the comments below!